Steigerwald Gordon & Koch Inc. Buys 2,858 Shares of The Walt Disney Company (NYSE:DIS)

Steigerwald Gordon & Koch Inc. grew its holdings in The Walt Disney Company (NYSE:DIS - Free Report) by 2.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 109,774 shares of the entertainment giant's stock after purchasing an additional 2,858 shares during the period. Steigerwald Gordon & Koch Inc.'s holdings in Walt Disney were worth $12,223,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. State Street Corp boosted its stake in shares of Walt Disney by 0.6% during the 3rd quarter. State Street Corp now owns 77,596,191 shares of the entertainment giant's stock valued at $7,463,978,000 after buying an additional 490,681 shares during the period. Geode Capital Management LLC grew its stake in Walt Disney by 3.8% in the third quarter. Geode Capital Management LLC now owns 37,672,320 shares of the entertainment giant's stock valued at $3,609,833,000 after purchasing an additional 1,393,082 shares in the last quarter. FMR LLC increased its position in Walt Disney by 8.7% in the 3rd quarter. FMR LLC now owns 34,416,668 shares of the entertainment giant's stock worth $3,310,539,000 after purchasing an additional 2,765,389 shares during the last quarter. Legal & General Group Plc increased its position in Walt Disney by 3.1% in the 2nd quarter. Legal & General Group Plc now owns 14,281,047 shares of the entertainment giant's stock worth $1,417,958,000 after purchasing an additional 425,438 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Walt Disney by 3.4% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 13,850,678 shares of the entertainment giant's stock worth $1,332,297,000 after purchasing an additional 454,678 shares in the last quarter. 65.71% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Walt Disney news, EVP Brent Woodford sold 5,000 shares of the company's stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $113.62, for a total transaction of $568,100.00. Following the sale, the executive vice president now directly owns 44,055 shares of the company's stock, valued at approximately $5,005,529.10. This represents a 10.19 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Robert A. Iger sold 372,412 shares of Walt Disney stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $114.57, for a total transaction of $42,667,242.84. Following the completion of the transaction, the chief executive officer now owns 226,767 shares of the company's stock, valued at $25,980,695.19. This trade represents a 62.15 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 385,412 shares of company stock worth $44,153,263 over the last three months. 0.10% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research firms recently commented on DIS. Jefferies Financial Group started coverage on Walt Disney in a report on Wednesday, December 4th. They issued a "hold" rating and a $120.00 price objective on the stock. Piper Sandler assumed coverage on shares of Walt Disney in a research note on Wednesday, October 16th. They set a "neutral" rating and a $95.00 price target on the stock. Bank of America lifted their price objective on shares of Walt Disney from $120.00 to $140.00 and gave the company a "buy" rating in a research note on Friday, November 15th. Loop Capital upped their price objective on shares of Walt Disney from $120.00 to $125.00 and gave the stock a "buy" rating in a report on Friday, November 15th. Finally, Guggenheim raised their target price on Walt Disney from $110.00 to $130.00 and gave the company a "buy" rating in a report on Friday, November 15th. Five research analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $125.54.

Walt Disney Stock Performance

Walt Disney stock traded up $0.61 on Friday, hitting $107.07. The company's stock had a trading volume of 7,103,097 shares, compared to its average volume of 6,534,095. The company has a fifty day moving average price of $112.08 and a 200-day moving average price of $99.69. The firm has a market cap of $193.90 billion, a P/E ratio of 39.51, a price-to-earnings-growth ratio of 1.94 and a beta of 1.43. The Walt Disney Company has a one year low of $83.91 and a one year high of $123.74. The company has a quick ratio of 0.67, a current ratio of 0.73 and a debt-to-equity ratio of 0.37.

Walt Disney (NYSE:DIS - Get Free Report) last posted its quarterly earnings results on Thursday, November 14th. The entertainment giant reported $1.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.09 by $0.05. Walt Disney had a net margin of 5.44% and a return on equity of 9.21%. The firm had revenue of $22.57 billion during the quarter, compared to analyst estimates of $22.49 billion. During the same quarter in the prior year, the business posted $0.82 earnings per share. The company's quarterly revenue was up 6.3% compared to the same quarter last year. On average, equities analysts anticipate that The Walt Disney Company will post 5.41 earnings per share for the current year.

Walt Disney Increases Dividend

The business also recently declared a semi-annual dividend, which was paid on Thursday, January 16th. Investors of record on Monday, December 16th were paid a $0.50 dividend. This is a positive change from Walt Disney's previous semi-annual dividend of $0.45. The ex-dividend date was Monday, December 16th. This represents a yield of 0.6%. Walt Disney's payout ratio is currently 36.90%.

About Walt Disney

The Walt Disney Company operates as an entertainment company worldwide. It operates through three segments: Entertainment, Sports, and Experiences. The company produces and distributes film and television video streaming content under the ABC Television Network, Disney, Freeform, FX, Fox, National Geographic, and Star brand television channels, as well as ABC television stations and A+E television networks; and produces original content under the ABC Signature, Disney Branded Television, FX Productions, Lucasfilm, Marvel, National Geographic Studios, Pixar, Searchlight Pictures, Twentieth Century Studios, 20th Television, and Walt Disney Pictures banners.